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ExxonMobil
80 articles mentioning ExxonMobil · Page 2 of 4
Exxon Puts Gas-Heavy Appalachian Assets Up for Sale
ExxonMobil has placed its Ohio Utica shale assets up for grabs, according to a report by Nasdaq. Per marketing documents viewed by Reuters, the assets, which are located in Ohio, span 27,000 net acres and have...
ExxonMobil Makes Dual Oil Discoveries at Stabroek Block
ExxonMobil has made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in...
An Early Look at 2022: E&P Budget, Drilling & Completion Plans
Several operators gave a sneak peek of their 2022 capital plans in their Q3 reports. Below is a summary of what the E&Ps are planning for next year. Capital budgets are set to increase and, with...
ExxonMobil Unveils Capital Plans Through 2027; $10B Less/Year vs. Prior Estimate
ExxonMobil has finalized corporate plans through 2027, estimating maintaining a capital budget of $20-25 billion for each year. This is about $10 billion less than what the company projected back in 2019, where it estimated that...
ExxonMobil Third Quarter 2021 Results
Exxon Mobil Corp. reported its Q3 2021 results. Exxon announced estimated third-quarter 2021 earnings of $6.8 billion, or $1.57 per share assuming dilution. Third-quarter capital and exploration expenditures were $3.9 billion, bringing year-to-date 2021 investments to...
ExxonMobil Ups Estimate of Stabroek Block to 10 Billion BOE
ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels. The updated resource estimate includes a new discovery at the Cataback-1 well, which brings...
Exxon Strikes Oil at Pinktail Well Offshore Guyana
ExxonMobil has made a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs. In addition to successful appraisal...
ExxonMobil Second Quarter 2021 Results
Exxon Mobil Corp. reported its Q2 2021 results. Exxon announced estimated second-quarter 2021 earnings of $4.7 billion, or $1.10 per share assuming dilution, compared with a loss of $1.1 billion in the second quarter of 2020....
Exxon, Hess Strike Oil Discovery at Guyana Whiptail Prospect
ExxonMobil and Hess Corp. announced a significant oil discovery on the Stabroek Block offshore Guyana at Whiptail. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling...
Exxon Partners for Carbon Capture Project in Scotland
ExxonMobil has signed a Memorandum of Understanding to participate in the recently announced Acorn carbon capture and storage project (CCS) in Scotland. The project plans to capture and store approximately 5-6 million tons of CO2per year...
ExxonMobil's Principal Financial Officer to Retire; Successor Hired
ExxonMobil has announced that Andrew Swiger, Principal Financial Officer and senior vice president of the company, has announced his intention to retire effective Sept. 1 after more than 43 years of service. The board of directors...
Exxon to Cut Corporate Workforce 5-10 Percent Annually
ExxonMobil is launching an initiative to reduce its workforce during the next three to five year period, according to a report by Bloomberg. Citing people familiar with the matter, the report says that the company plans...
Exxon Reveals Final Election Results; Three Engine No. 1 Nominees Join Board
ExxonMobil today released the final election results of the 2021 Annual Meeting of Shareholders as confirmed by the independent election inspector. The ExxonMobil board of directors will consist of Michael Angelakis, Susan Avery, Angela Braly, Ursula...
Exxon Touts Discovery at Longtail-3 Well Offshore Guyana
ExxonMobil has made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1...
Third Engine No. 1 Nominee Slated to Join Exxon's Board of Directors
ExxonMobil updated preliminary results for the election of directors at its annual meeting of shareholders held on May 26, 2021. Based on estimates by the company's proxy solicitor, shareholders are expected to elect nine ExxonMobil nominees...
Exxon Shareholders Shake Up Board, Elect Nominees from Activist Hedge Fund
In a surprise move, ExxonMobil shareholders have elected two new directors that were nominated by rogue hedge fund Engine No. 1 to the oil giant's board of directors. Engine No. 1 is a new firm that...
ExxonMobil First Quarter 2021 Results
Exxon Mobil Corp. reported its Q1 2021 results. Exxon announced estimated first quarter 2021 earnings of $2.7 billion, or $0.64 per share assuming dilution, compared with a loss of $610 million in the first quarter of...
Exxon Strikes Oil at Uaru-2 Well Offshore Guyana; 9.0 Billion BOE
ExxonMobil and its partner, Hess Corp., have made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block,...
Exxon Unveils New 'Low Carbon' Business Unit; Reaffirms 2021 Capex
ExxonMobil has reaffirmed its 2021 capex and outlined its plans through 2025. The company also outlined its strategy to commercialize lower emission technologies in support of the goals of the Paris Agreement. Reaffirms 2021 Capex of...
ExxonMobil Adds Two New Directors to Board
ExxonMobil reported that Michael Angelakis and Jeffrey Ubben have joined its board of directors. About Angelakis Angelakis is chairman and CEO of Atairos, an independent strategic investment company focused on supporting growth-oriented businesses across a range...